Dividend Stock: Automaker declares highest ever payout; Check record date and other details

The company has also fixed February 12 as the record date to avail the dividend payout.

This is also the highest ever payout that the company has announced in a quarter.

Hero MotoCorp had also announced a dividend of ₹100 per share in February last year, but that was a combination of an interim dividend of ₹75 per share, along with a special dividend of ₹25 per share.
In August last year, the company had announced a final dividend of ₹40 per share.Over the last three years, the company has announced a dividend of over ₹400 per share.

Hero MotoCorp’s results were better than expectations across parameters, as the two-wheeler manufacturer’s realisations improved both on a sequential as well as on a year-on-year basis.

Entry segment market share for Hero has gone up by 5% in the last five quarters. For the 100 cc segment, the market share for Hero is at 87%, while for the 125 cc segment, its at 20.6%.

Shares of Hero MotoCorp had ended 0.8% at ₹4,234 on Thursday. The stock is down 32% from its peak of ₹6,246.